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  • $600,000

    548 Prairie Ave, Downers Grove, IL 60515

    5beds
    --sqft
    : 
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    Multi Family
    Built in 1927
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Rare Downers Grove two flat offering immediate cash flow with both units currently leased, an investor's dream or a savvy owner occupant's entry into real estate. This well maintained property sits just steps from the Fairview Metra station, Hummer Park, and top rated schools. The main level unit delivers 1,129 square feet of above grade living space with 3 bedrooms and 1 full bath. Gorgeous floors flow throughout the open layout, highlighted by a charming arched doorway and abundant natural light. The updated kitchen features quartz countertops white cabinetry and stainless steel appliances including a gas range, dishwasher, and refrigerator. The remodeled bath showcases a marble style tiled tub surround and tile flooring. A showstopping enclosed front sunroom with wrap-around windows adds flexible living space. In-unit washer and dryer included. The basement provides excellent storage and additional utility. The second floor unit offers 886 square feet with 2 bedrooms and 1 full bath. The spacious living area features ceiling fans and great natural light. The kitchen includes quartz countertops, gas range, dishwasher, and stainless refrigerator. The updated bath features a modern vanity and luxury vinyl plank flooring. This unit features its own private entrance with in-unit washer and dryer. Each tenant pays their own electric, gas, heat, scavenger, sewer, and water. Five exterior parking spaces included. Don't miss this turnkey income property in one of Downers Grove's most walkable neighborhoods!
    11 days
    |
    1,221
    |
    76
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Sabrina Glover, ABR,CSC,PSA 630-523-9989,

    Platinum Partners Realtors

    Source: MRED as distributed by MLS GRID,MLS#: 12683140MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Natural Gas
      Features
      • Basement: Unfinished,Full

      Property

      Parking
      • Total spaces: 5
      • Parking features: Off Street, Driveway, Yes, Owned
      • Has uncovered spaces: Yes
      Features
      • Patio & porch: Deck
      Lot
      • Size: 8,276 Square Feet
      Details
      • Parcel number: 0908213025
      • Special conditions: None
      • Other equipment: Ceiling Fan(s), Sump Pump

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding
      • Foundation: Block
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1927

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Park, Curbs, Sidewalks, Street Paved
      Location
      • Region: Downers Grove

      Financial & listing details

      • Tax assessed value: $164,877
      • Annual tax amount: $9,624
      • Date on market: 6/25/2026
      • Ownership: Fee Simple

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/25/2026Listed for sale$600,000+35.7%
        Source: MRED as distributed by MLS GRID #12683140 Report a problem
        10/14/2022Sold$442,000-1.8%
        Source: MRED as distributed by MLS GRID #11492474 Report a problem
        9/20/2022Contingent$449,900
        Source: MRED as distributed by MLS GRID #11492474 Report a problem
        8/15/2022Listed for sale$449,900+45.1%
        Source: MRED as distributed by MLS GRID #11492474 Report a problem
        9/20/2005Sold$310,000+20.4%
        Source: Public Record Report a problem
        12/9/2003Sold$257,500
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$8,981 +5.2%$164,877 +8.8%
        2023$8,534 +1%$151,570 +5.6%
        2022$8,447 +6.8%$143,520 +1.1%
        2021$7,910 +1.8%$141,890 +2%
        2020$7,770 +3.1%$139,080
        2019$7,537 +4.1%--
        2018$7,241 +3.1%$126,700 +3.9%
        2017$7,024 +1.8%$121,920 +4.8%
        2016$6,901 +0.8%$116,360 +6.3%
        2015$6,847 +7.5%$109,480 +10.8%
        2014$6,372 +2.1%$98,850 +0.5%
        2013$6,243 +3.4%$98,380 -4.3%
        2012$6,038 +1.9%$102,810 -6.1%
        2011$5,923 +19.1%$109,480 +10.3%
        2010$4,974 +1.6%$99,260 -5.8%
        2009$4,895 +14.8%$105,360 +10.2%
        2008$4,265 +4.4%$95,590 +5.9%
        2007$4,087 +7.9%$90,260 +10.2%
        2006$3,788 +4.1%$81,890 +7.7%
        2005$3,637 +10%$76,030 +14.6%
        2004$3,305 +5.3%$66,320 +10%
        2003$3,138 +6.4%$60,290 +10.3%
        2002$2,950 +3.3%$54,680 +6.8%
        2001$2,856 +1.9%$51,210 +3.5%
        2000$2,802 $49,480

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 60515

        Getting around

        58 / 100
        Somewhat Walkable
        34 / 100
        Some Transit
        48 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Lester Elementary School
        • Middle: Herrick Middle School
        • High: North High School
        • District: 58

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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